CryptoGT is a trading broker that offers intuitive platforms for the online trading of crypto, forex, stocks, indices and commodities. The broker has a very competitive offering when compared to some of the industry leading crypto brokers, including zero commission fees, no hidden deposit/withdrawal fees, flexible leverage, fast transaction speeds, free trading guides, no minimum deposit requirements, demo account, 24/7 support and more.
Pros / Cons
- User-friendly yet advanced MT5 platforms
- Trading instruments across different financial markets
- Tight spreads & fast transaction speeds
- Zero commission fees
- No hidden deposit or withdrawal fees
- GTi12 basket of cryptocurrencies
- Range of educational resources
- Free demo trading accounts
- 24/7 client support
- Could add some more funding options
- No MetaTrader 4 platforms
- No USA or EU clients
In this detailed CryptoGT review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
CryptoGT are an online brokerage firm that provide clients around the globe with very competitive trading products and services. They implement innovative technologies with user-friendly yet sophisticated platforms for trading instruments across multiple asset classes.
Whilst predominantly being amongst the market leading cryptocurrency brokers with a generous choice of 17 cryptocurrencies, they also offer over 60+ forex currency pairs, stocks, indices, metals and energies. Whatever your level of trading experience or interests, the broker has something for everyone to trade.
CryptoGT clients can benefit from commission free trading with tight spreads, rapid trade execution speeds, quick and easy account funding, leverage up to 1:500 and dedicated support.
CryptoGT Safety of Funds
Protecting client’s investments is of the upmost importance to CryptoGT. They state that they have implemented all of the necessary steps to help ensure traders funds are safe at all times.
They design strong internal policies and procedures to set specific thresholds that are constantly monitored to effectively identify potential risks.
CryptoGT maintains one of the industry’s tightest capital adequacy ratios. The typical capital-to-risk-weighted exposure ratio of the most reputable regulators is generally around 12%, but they consistently maintain a reasonable ratio of 40%. This allows them, and their users, to feel safe even during the most confusing periods.
CryptoGT client funds are kept separate from the company’s funds and are held by creditworthy and well-regarded financial institutions. This ensures that they should not be used for any other purpose.
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CryptoGT welcome clients from all over the globe but they do not accept clients from the US, EU countries, Canada, and North Korea.
Keep in mind that some of the CryptoGT broker features and products mentioned within this CryptoGT review may not be available to traders from specific countries due to legal restrictions.
CryptoGT Trading Platforms
A trading platform enables you to buy and sell trading instruments, as well as conduct in-depth market analysis, follow price activity, set price alerts and much more. CryptoGT provide clients with one of the most popular, well established and widely used trading platforms, MetaTrader 5 (MT5).
MT5 is used by millions of forex and cryptocurrency traders all over the world. Developed by Russian software company MetaQuotes, the MetaTrader suite of platform are regarded as the industry standard by many traders when it comes to trading online.
MT5 has an extensive range of features and functions, with a fully customisable and easy to use interface making it a popular choice amongst new traders. It also has enough advanced capabilities to satisfy the seasoned pros who require a more demanding trading environment.
Using the CryptoGT MT5 platform, you can quickly and easily analyse trading instruments across various financial markets. It has a ton of trading tools such as technical indicators and drawing tools, which you can attach to the charts to anticipate the current market direction.
Some of the key MetaTrader 5 platform features include the following:
- Depth of market (DOM) pricing
- Trading instruments in the market watch window
- Supports multiple order types including instant, pending & limit orders
- Multiple short, medium and long-term chart timeframes
- Various chart types for following price action closely
- A plethora of technical indicators & drawing tools for thorough market analysis
- Supports automated trading via the use of expert advisors (EAs)
- Built-in economic calendar to keep track of the latest market news
- Set price alert notification which can be sent via SMS, email & platform pop-ups
- MQL5 programming interface where you can create custom indicators, EAs & scripts
- Large online community where traders can share trading tips, tools, signals & more
- Available for desktop, web & mobile devices
The MT5 platform is free to download and use. You can even create a demo account with CryptoGT if you wish to practice trading online before using real funds. MT5 is available as a desktop platform which includes the complete functionality.
There is the MT5 web platform which can run directly in most modern web browsers without the need to download or install any additional software.
For those of you who like to follow the markets and trade whilst on the go, the MT5 mobile app is available for iOS and Android devices. You can find it in the relevant app stores.
CryptoGT Trading Tools
The CryptoGT MT5 platform should have more than enough tools built-in and available as add-ons to support even the most demanding of traders amongst you. However, the broker has kindly provided a few useful trading tools to help streamline the trading preparation process. This enables you to focus on market analysis and managing your trades with minimal distractions.
You can calculate the amount of money when converting from virtual currency to other virtual currency or fiat currency.
Leverage & Margin Calculation Tools
The leverage and margin calculators provide you with a quick and easy way to calculate leverage and margin, performing complex calculations behind the scenes.
The CryptoGT economic calendar lets you keep track of the latest market news. You can see the dates and times of various news releases along with the previous, forecasted and actual impact that they have on the market. An economic calendar is often used as an important part of conducting fundamental analysis, so that the trader knows what is going on in the world and effect it may have on market movement.
CryptoGT offer traders education which helps emphasise the fact that they care about traders making informed trading decisions.
There are free CryptoGT trading guides that can help you to become familiar with the brokers platforms, products and services. The FAQ section covers some of the most frequently asked questions that traders may have and can give you a quick answer to some of the things you may want to know before opening a trading account with them.
CryptoGT also have some useful and easy to understand MT5 tutorial YouTube videos.
CryptoGT Trading Instruments
CryptoGT have a generous selection of trading instruments for you to choose from. There are over 17+ cryptocurrencies, over 60+ forex currency pairs (major, minor & exotic), indices, commodities, metals and energies. Keep in mind that it is actually possible to trade cryptos on the weekend.
CryptoGT also offers synthetic currency pairs combined with cryptocurrencies, including BTCXAU / BTCXAG / BTCUSO / BTCSPX / BTCFCB / BTCTWR. Clients can trade BTC more conveniently with MBTUSD. You can trade with a margin of 1/1000 of BTCUSD.
One of the primary things that sets CryptoGT apart from other crypto brokers is the fact that they offer their own trading index called the GTi12. It aims to give traders a chance to try and capitalise on a basket of cryptocurrency pairs, rather than trading each of them individually. The GTi12 is available 24 hours a day on CryptoGT MT5 desktop, web and mobile devices.
The GTi12 is composed of 12 types of major virtual currencies. It can be used as a tool for both investors and money managers, to track the overall growth of the cryptocurrency market.
Once a quarter, GTi12 determines the eligibility of cryptocurrencies in the index based on various variables such as market capitalization, liquidity and availability for trading on CryptoGT’s trading platform. It is important to note that stablecoin is not considered.
CryptoGT Trading Accounts & Fees
CryptoGT keep things nice and simple with one MT5 account and also the options of a demo account. There is no minimum deposit required and leverage of up to 1:500 is available depending on your location or instrument being traded.
- Powerful MT5 platform
- Access to all trading instruments
- Tight spreads
- Zero commission fees
- Leverage up to 1:500
- No minimum deposit
When you trade online with a brokerage firm such as CryptoGT, you need to pay the spread. This is effectively the difference between the bid and ask price. Generally speaking, the lower the brokers spread, the more you can save on trading costs in the long run.
CryptoGT is a low-cost broker as they offer prices that are obtained from more than 10 price feeds and then combined together. This essentially means that they have a vast amount of liquidity and can therefore provide the best available prices at any given time. The average spreads for the EURUSD, USDJPY & BTCUSD are around $2.5 and XAUUSD averages around $0.3.
It is worth stating that the average spreads shown are dependent on the current market conditions and can increase due to factors such as news releases, unexpected events, political uncertainties, end of day rollover and illiquid weekends. Spread widening can occur due to market behaviour.
A demo trading account can be a great way to try out a trading platform and master your trading strategies with virtual funds. CryptoGT offer a risk-free demo account so you can try out what they have to offer before deciding if you would like to open a real live trading account with the broker.
Although the demo account environment is basically the same as the environment on the live account, it may differ slightly depending on the situation.
CryptoGT Trader Room
The CryptoGT Trader Room is where you can view everything relevant to your account in one place. You can store your cryptos, open demo/live accounts, transfer funds, view trade history, request support and more.
As broker fees can vary and change, there may be additional fees that are not listed in this CryptoGT review. It is imperative to ensure that you check and understand all of the latest information before you open a CryptoGT broker account for online trading.
CryptoGT Customer Service
CryptoGT have a very prompt, polite and knowledgeable customer service team from our experience. You can reach them 24/7 to ask any general, technical or account related questions that you may have. CryptoGT support can be reached via email, telephone and various social media channels. There a live web chat on the CryptoGT website which can be a quick way to get in touch directly with someone at broker and ask any questions before you open an account with them.
CryptoGT Deposit & Withdrawal
CryptoGT offers both deposits and withdrawals in a generous selection of 18 currencies, which can help to avoid possible currency conversion fees that you may otherwise have incurred. The broker does not charge any extra fees for both deposits or withdrawals. There is also no minimum deposit requirement, just the amount that you need for trading.
You can make a withdrawal request at any time. For security reasons, the broker manually performs withdrawal procedures in sequence. Therefore, it can take from 1 to 48 hours from the withdrawal request to the completion. However, it is usually very prompt provided all the information is correct. Bear in mind that for withdrawals greater than $5,000, you will need to provide a proof of identification and address.
CryptoGT Account Opening
There is a short application form on the brokers website that should take no more than a few minutes to complete. After that, you will be sent your login details and can start trading online when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
CryptoGT are an established brokerage firm with a very competitive offering when it comes to trading cryptos, forex and other popular instruments such as stocks, indices, metals and energies.
They have flexible, customisable and easy to use trading platforms that provide instant access to various markets. Trading conditions include zero commission fees, rapid transaction speeds, tight spreads, leverage up to 1:500 and no hidden funding fees.
Traders also get 24/7 access to a dedicated customer support team and free educational resources to help them improve their trading skills and knowledge.
CryptoGT also have support for automated trading systems (EA) that can be used with all currency pairs. They also run promotions from time to time, so you may wish to check out the official website for the latest offerings.
Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.